AUDUSD on Thursday rose 0.01% to 0.67973. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.01%	0.9 Pips
Week to-date	0.14%	9.5 Pips
August	3.83%	250.9 Pips

Upcoming key events (London Time)

Fri 02:30 AM AUD Retail Trade Turnover (seasonally adjusted) (1-mth)
Fri 01:30 PM USD PCE Price Index, excluding food and energy (1-mth)
Fri 01:30 PM USD PCE Price Index, excluding food and energy (12-mth)

What happened lately

🇺🇸 U.S. Pending Home Sales (1-mth) in July dropped to -5.5%, compared to a previous figure of 4.8% in June.
🇺🇸 The U.S. GDP annual rate in the Q2 flash estimate rose to 3%, compared to the previous figure of 2.8% in Q1. Source: Bureau of Economic Analysis
🇺🇸 The U.S. GDP Price Index (Quarterly) rose to 2.5% in Q2 flash estimate, up from 2.3% in Q1. Source: Bureau of Economic Analysis
The U.S. Q2 flash estimate for PCE excluding food and energy prices (3-month) dropped to 2.8%, compared to the previous figure of 2.9% in Q1. Source: Bureau of Economic Analysis
🇺🇸 The U.S. PCE Price (3-month) for Q2’s flash estimate dropped to 2.5%, down from the previous 2.6% in Q1. Source: Bureau of Economic Analysis
🇺🇸 In the week ending 24 August, U.S. Initial Unemployment Insurance Claims dropped to 231K compared to previous figure 232K Source: Department of Labor
Australia’s Private New Capital Expenditure in Q2 dropped to -2.2% compared to 1% in Q1. Source: Australian Bureau of Statistics
🇦🇺 Australia’s Monthly CPI Indicator (12-mth) in July dropped to 3.5% from the previous figure of 3.8% in June. Source: Australian Bureau of Statistics

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.01% to 0.67973. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.67773 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.68240 or trades above daily pivot 0.68006. Break above could target R1 at 0.68207. While to the downside, we are looking at 0.67773 (S1) and daily low of 0.67806 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.68240 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.14% over the past few days.

Key levels to watch out:

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